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Blue Chip Growth

Stock Report: () Report Updated: Aug 18, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(MMR)

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Company Profile

McMoRan Exploration Co. engages in the exploration, development, and production of oil and natural gas in the shallow waters of the Gulf of Mexico and onshore in the Gulf Coast area of the United States. It is involved in lifting oil and natural gas to the surface; and gathering, treating, and processing hydrocarbons to extract liquids, such as ethane, propane, butane, and natural gasolines from natural gas. The company also provides exploration and production technologies, including the incorporation of 3-D seismic interpretation, offshore drilling to total depths, and horizontal drilling. The company owns or controls interests in 951 oil and gas leases in the Gulf of Mexico, and onshore Louisiana and Texas covering approximately 556,000 net acres. As of December 31, 2011, it had proved oil and natural gas reserves totaling 255.8 billion cubic feet equivalent. McMoRan Exploration Co. was founded in 1994 and is headquartered in New Orleans, Louisiana.

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